Grupo Aval Acciones Y Valores S.a. AVAL

What this company does

Grupo Aval provides commercial banking services in the Colombian market through four commercial banks: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. On a consolidated basis it manages Ps 348.9 trillion of on-balance sheet assets and Ps 469.5 trillion of off-balance sheet assets under management. Its banking subsidiaries operate 946 branches and 2,738 ATMs in Colombia. It manages its business through four main operating segments: Banking services, Pension and severance fund management, Merchant banking and the Holding company, which refers to the combined financial statements of Grupo Aval Acciones y Valores S.A. and Grupo Aval Ltd. Alongside core banking products, it provides bancassurance, insurance, trust and fiduciary services, investment banking, bonded warehousing and real estate escrow services. It also provides core banking products for enterprises and individuals in Panama through banking branches of Banco de Bogotá and Banco de Occidente. For the year ended December 31, 2025, 45.7% of the revenues of Porvenir, its pension and severance fund manager, were derived from mandatory pension funds, 23.3% from severance funds and 8.4% from voluntary pension funds. Corficolombiana, its merchant banking subsidiary, focuses on two lines of business: equity investments in strategic sectors of the Colombian economy, including infrastructure, energy and gas, agribusiness and hospitality, and treasury operations.

Written from the business description in Grupo Aval Acciones Y Valores S.A.'s annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.