| Concept | December 31, 2017 | December 31, 2016 | |
| In millions of COP | |||
| Appropriation of net income (1) | 8,709,922 | 6,871,092 | |
| For Fiscal provisions (3) | 196,318 | 551,341 | (2) |
| Others | 138,915 | 49,976 | |
| Total Appropiated reserves | 9,045,155 | 7,472,409 | |
| | (1) | The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders. |
| | (2) | Pursuant to Decree 2336 of 1995, a reserve was established until 2016 for profits related to the valuation of investmentes held for trading purposes by the Bank. |
| | (3) | Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation. |